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20131202
20131210
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. >> can you explain to me, paul, why does it in and of itself a higher wage mean greater efficiency. in and of itself, why does one equal the other? >> so the well recognized efficiency gaines from higher wages are reduced employee turnover recruitment and retention costs. it's actually surprisingly expensive to replace even a $9 an hour worker. it can cost $2,000, $3,000 a higher. if you are turning to your workforce with it being replaced each year, those are major costs. the high road chains that pay higher wages have much lower costs and they also find -- see that they enjoy the higher curb -- payroll dollar sales and profitability than companies like mcdonald's and walmart. >> paul, thanks for that. a quick reaction from you. look, we know that corporates have taken the greatest share of income out of the economy, right, at the expense of workers. but how much can we take on wages before we get the inflation problem that we've been worrying about? >> well, and to me, that's what i hear sort of the macro story from that around the individual issues is that if you start to get th
with that is this has been a two-person negotiation. this has been patti murray and paul ryan. our democratic -- haven't been part of the discussion. so in terms of getting a sense of whether there's a deal brewing that can pass both houses, we don't have enough information at this point to know. all we know is they are moving closer and closer together. >> congressman, can you explain to us all exactly what is happening here and what is at stake? we've got $90 billion of automatic spending cuts that kick in next year and to do the deal over two years, they need to agree 180, maybe 200 billion of spending cuts to negate that. the information -- and you will know this better than i -- is that they are going for a much smaller deal, maybe 40 or 50 billion. congressman, if they do a 40 or 50 dollar bill, does that neutralize what is at stake? >> that is what's at stake and that's what i know patti murray and paul ryan are trying to do is basically negate the -- across the board cuts with the see zest ragz, which will be deaf state to go our military next year and it's already been devastating to many of
searches were north face and decker's ugg boots. timb the weather channel's paul walsh reported that colder than normal temps will continue. a 100% increase is projected in snowfall. the current winter storm cleon will hurt foot traffic generally. it is christmas. >> we're getting tweets from minnesota where they're expecting another foot of snow. >> but they're tough there, carl. they go out and shop any way. if they don't, maybe they shop from macy's online. it's christmas. >> thanks, court. meantime, chinese telecom reportedly no longer wants to stay in the u.s. market. in an interview with a french news site, the company says after years of accusations of cyber espionage, it will cut ties with the u.s. ironic it takes place as the vice president is on its way to beijing. >> i've got clarification on that, carl. talked to them this morning. they told me they're not pulling out of the u.s. market. but they're not investing in growth here because they feel like they're blocked. they're going to continue to serve customers, sell hand sets but they're not making any kind of big investment pu
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Search Results 0 to 3 of about 4